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Ll <br />RESOLUTION NO. 1607 <br />A RESOLUTION APPROVING AN APPLICATION FOR <br />REAL PROPERTY TAX DEDUCTION <br />WHEREAS, I.C. 6- 1.1- 12.1- 2(1)provides that an application for property tax deduction may <br />not be approved when the property is located in an allocation area as defined in I.C. 36- 7- 14 -39, <br />unless the Redevelopment Commission which designated that allocation area adopts a resolution <br />approving that application; and <br />WHEREAS, the South Bend Common Council has received a petition for ten years of real <br />property tax abatement consideration from SGW Realty, LLC for real property located at Lots 10 <br />and 11 of the H.G. Baus Industrial Centre in the Airport Economic Development Area, the legal <br />description of which is attached hereto, marked Exhibit "A" and incorporated herein; and <br />WHEREAS, this Commission declared the Airport Economic Development Area by <br />Resolution No. 919, adopted February 23, 1990, and in the same resolution declared the Airport <br />Economic Development Allocation Area, Allocation Area No. 1; and <br />WHEREAS, the property located at Lots 10 and 11 of the H.G. Baus Industrial Centre is <br />located within the Airport Economic Development Allocation Area, Allocation Area No. 1. <br />NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission <br />as follows: <br />1) The Commission finds that the application from SGW Realty, LLC for ten years of real <br />property tax abatement consideration for property located at Lots 10 and 11 of the H.G. Baus <br />Industrial Centre in the Airport Economic Development Allocation Area, Allocation Area No. 1, is <br />hereby approved. <br />2) That a copy of this resolution be forwarded to the South Bend Common Council to <br />indicate the Commission's approval of the petition for real property tax abatement for SGW Realty, <br />LLC. <br />Approved this 5th day of June 1998 at the regularly scheduled meeting of the South Bend <br />Redevelopment Commission. <br />ATTEST: <br />Eugenia S. Schwartz, Secretary <br />vb:Res 1607 <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />Robert W. Hunt, President <br />